No VAT will be charged on the hammer price, but VAT at 15% will be added to the buyer's premium which is invoiced on a VAT inclusive basis.
Ernst Schwitters, Lysaker, by descent from the artist, possibly until 1980 (Oeuvre-Nr.: 1923, 1154 U).
Galerie Gmurzynska, Cologne, by 1980.
Acquired from the above by the present owner in 1980.
PROPERTY FROM A PRIVATE COLLECTION
K. Orchard & I. Schulz (eds.), Kurt Schwitters, Catalogue raisonné, vol. II, 1923-1936, Hanover, 2003, no. 1145 (illustrated p. 60).
Paris, Grand Palais FIAC, Galerie Gmurzynska, Kurt Schwitters, October 1980, no. 12 (illustrated p. 66).